Home Buying in Coquina Sands>Question Details

Nick, Home Buyer in Coquina Sands, Naples,...

1717 Gulf shore blvd n building- is building well maintained? is condo corp in good financial shape or are many owners not paying condo fees?

Asked by Nick, Coquina Sands, Naples, FL Mon Jul 12, 2010

anything a purcgaser should know before buying into bldg?

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Good Morning, In order to ascertain those answers you would need to contact the management company and obtain the financials for year end, balance sheet and the 2010 operating budget. This will provide you many answers in terms of what their reserve levels are, any special assesments, and the like. If those look ok, a physical inspection of the building would be the logical next step to take, which if you want I can help you with both tasks. Honestly, this is the only way to properly answer your questions. Regards, Chris
Web Reference: http://www.spinarealty.com
0 votes Thank Flag Link Tue Jul 13, 2010
My partner specializes in this area and in particular condos there. Each one is a little different. Let me know if you would like to speak to him and I will get you his info. He can relay all the correct information to you.

0 votes Thank Flag Link Tue Jul 13, 2010
Building is well maintained (being that it is an older building). There are 36 units in the building with only 5 actively on the market. The last sale was in 2008, I believe this is the type of home people live in long term. If you love the beach, the views will keep you around for years to come!

If you want an up-to-date list of available condominium homes in Olde Naples, I will be more than happy to help you.


Andrena Dimitrijevic, Realtor
M: 239-597-6531
C: 240-899-9715
E: Andrenadd@aol.com

Skype: andrenadd
0 votes Thank Flag Link Mon Jul 12, 2010
You are likley safe to purchase in Embassy Club as there are few foreclosures in Naples in Buildings of this class. When there are defaults they are corrected as the units sell to new paying owners. If you place an offer on a Condo, by Florida Law, you have three days to review all condo documents including financial statements and reject the contract if the association is in trouble. I always advise attorney review of docs as part of a purchase.

Please contact me if you are interested in this or other properties in Naples.

Kenneth Lowe - Realtor
Prudential Florida Realty
Web Reference: http://www.Ken-Lowe.com
0 votes Thank Flag Link Mon Jul 12, 2010
We can check with the association tomorrow and obtain a copy of the financials. Feel free to contact us directly if you would like for us to obtain that information for your review. We will wait to hear from you.

John & Sandra James
Prudential Florida Realty
(239) 784-7000
E-Mail: MarcoTropicalRealty@comcast.net
0 votes Thank Flag Link Mon Jul 12, 2010
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